>> my advice to president obama is, mr. president, whatever happens in the second term, you're going to bear the consequences of. our country is in sick shape financially. economically, we're really in bad shape. if we didn't have the dollar, the de facto reserve we would be greece. it's not going to be fixed without leadership from you. the republicans maintain control of the house. and we have divided government, he has to take the lead. he may score some short term victories over the republicans. in the meaning of long term, it's his enchilada. >> president clinton, secretary of the treasury, robert rubin. >> when people look at what president obama should do. there are a number of people who say, well, he's got to get the fiscal house in order, he's got to deal with the deficit. why is that important? >> i think it's important to design a sound fiscal program that both contributes to job creation and recovery in the short term, i absolutely believe programs do that by creating confidence and creating fiscal room for a m